This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Early Stocks in Motion

Jo-Ann Stores (JAS) after the bell Monday reported a loss of $4.1 million, or 18 cents a share, for the third quarter ended Oct. 29, reversing a year-earlier profit of $6.9 million, or 30 cents a share. The arts and crafts retailer said revenue for the quarter rose 5.8% to $474.2 million from $448.3 million last year, while same-store sales increased 0.7%. The loss was worse than analysts' forecast of a penny a share, although sales topped Wall Street's projection of $470.2 million.

Jo-Ann Stores said results were hurt by overall industry weakness and declining customer traffic, which led to markdowns that pulled down margins. "While our results stem in part from general industry softness, particularly in softlines and home-related categories, it is clear that decisions we made have compounded the problem," said Alan Rosskamm, chairman and chief executive, in a statement. For the fourth quarter, the company anticipates same-store sales ranging from a decline of 3% to an increase of 1%, amid a "challenging retail environment." The company said it is unlikely that it will show earnings improvement until at least the second half of next year. Shares fell 15 cents, or 1%, to $14.80 in after-hours trading.

Agilent Technologies (A - Get Report) posted net earnings of $26 million, or 5 cents a share, for the fourth quarter, down from earnings of $74 million, or 15 cents a share, a year ago. Excluding charges mainly related to repatriation and restructuring, the company would have earned $193 million, or 38 cents a share, for the quarter ended Oct. 31. Revenue grew 5% to $1.41 billion from $1.34 billion last year. Analysts polled by Thomson First Call expected earnings of 37 cents a share, before items, on revenue of $1.85 billion.

Separately, the maker of test and measurement equipment said its board has authorized a share buyback of up to $2.7 billion in the form of a modified Dutch auction tender offer. The company plans to repurchase up to 73 million shares at a price of no less than $32 and no greater than $37. The tender will begin on Nov. 15 and end on Dec. 13. Shares of Agilent rose $1.78, or 5.4%, to $34.68 in after-hours trading.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
A $35.25 1.70%
AFG $70.05 1.10%
BOBE $43.75 1.60%
PDEX $2.47 4.27%
RUTH $16.35 1.20%


Chart of I:DJI
DOW 16,736.11 +263.74 1.60%
S&P 500 1,981.13 +29.77 1.53%
NASDAQ 4,765.9120 +58.1370 1.23%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs